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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $845,800 and total accumulated depreciation of $360,379 as detailed in the PPE

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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $845,800 and total accumulated depreciation of $360,379 as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month. Description Building Modular Furniture Truck Cost Information Date of Purchase May 2, 2014 May 2, 2014 Jan. 25, 2017 Depreciation Method S/L S/L DDB Assets Current assets Property, plant and equipment Cost Residual Life $680,000 $265,000 10 yr. 82,800 0 6 yr. 83,000 11,500 8 yr. 1S/L-Straight-Line: DDB-Double-Declining-Balance. There have been no disposals or subsequent capital expenditures since the date of purchase. Depreciation Balance of Accum. Deprec. Dec 31, 2019. $235,167 78,200 47,012 Assume that the only other assets at December 31, 2019, were total current assets of $341,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019. DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 1S/L-Straight-Line: DDB-Double-Declining-Balance. 2 There have been no disposals or subsequent capital expenditures since the date of purchase. Assume that the only other assets at December 31, 2019, were total current assets of $341,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019. Assets Current assets Property, plant and equipment DYNAMIC EXPLORATION Partial Balance Sherat December 31, 2019 Furniture Less: Accumulated depreciation Building Less Accumulated depreciation Truck Less: Accumulated depreciation Total property, plant and equipment Total assets

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